In a recent transaction, Institutional Venture Partners XIII, L.P., a significant shareholder in Inspirato Inc (NASDAQ:ISPO), reported the sale of shares in the company. The transactions, which occurred on April 16 and 17, 2024, involved the sale of a total of 278 shares of Class A Common Stock at an average price of $4.00, amounting to a total value of $1,112.
The sales were executed in multiple transactions at prices ranging from $4.00 to $4.01, according to the footnotes provided in the SEC filing. Institutional Venture Partners XIII, L.P., through its general partner Institutional Venture Management XIII, LLC, and its managing directors Todd C. Chaffee, Norman A. Fogelsong, Stephen J. Harrick, J. Sanford Miller, and Dennis B. Phelps, Jr., may be deemed to have shared voting and dispositive power over the shares.
Post-transaction, the group still holds a significant number of shares in Inspirato Inc. The SEC filing indicates that following the sales, 434,424 shares of Class A Common Stock remained in their possession. The managing directors have disclaimed beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein.
Inspirato Inc, a company in the real estate and construction sector, is known for its luxury travel subscription services. The sale of shares by a major investor such as Institutional Venture Partners XIII, L.P. is a noteworthy event for current and potential shareholders, reflecting transactions that impact the ownership and distribution of the company's stock.
InvestingPro Insights
As Inspirato Inc (NASDAQ:ISPO) experiences changes in its shareholder structure, it's crucial for investors to consider the company's financial health and market performance. The recent sale of shares by Institutional Venture Partners XIII, L.P. brings to light several key metrics and professional insights that could influence investor perception.
An InvestingPro Tip highlights that Inspirato operates with a significant debt burden, which may affect its ability to manage financial obligations effectively. This is particularly relevant as the company's P/E Ratio (Adjusted) for the last twelve months as of Q4 2023 stands at -0.77, indicating that the company is not currently generating profit relative to its share price. Additionally, the company's Revenue Growth for the same period shows a decline of -4.76%, suggesting a contraction in sales that analysts anticipate may continue in the current year.
InvestingPro Data further reveals a Market Cap (Adjusted) of 25.01M USD, which is relatively small, potentially indicating a higher risk profile for investors. The Price, Previous Close was at 3.91 USD, which is significantly below the Fair Value (Analyst Targets) of 18 USD, and even below the InvestingPro Fair Value estimate of 4.76 USD, suggesting that the stock may be undervalued if the company can address its underlying challenges.
For investors seeking a more in-depth analysis of Inspirato Inc, there are 12 additional InvestingPro Tips available, which can be accessed through the company's detailed page on Investing.com. By using the coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a valuable resource for those looking to make informed investment decisions.
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